Add as a preferred source on GoogleDormant Wallet Moves 9,618 Ether Worth $24.58 Million to Kraken
The wallet held the Ether for nine years and recorded a $24.21 million profit, a 65-fold gain based on the reported figures.
A dormant cryptocurrency wallet identified as pinosaur.eth moved 9,618 Ether (ETH), valued at $24.58 million, to Kraken after holding the tokens for nine years.
The wallet’s ETH holdings were first traced to April 2017, when 7,459 ETH were withdrawn from Bitfinex at a price of about $50 per token. The reported transaction brings the wallet’s profit to $24.21 million, representing a 65-fold return.
The transfer involved the wallet address ending in 605A. The movement places a large, long-dormant Ether balance on a major exchange, but the available transaction details do not establish what will happen to the funds next.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.